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Compare Home Loans & Save!

Are you looking to purchase or refinance?

PurchaseRefinance

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eChoice is one of Australia’s leading and award winning aggregation and mortgage broking groups. Their aim is to provide Australians expert advice and superior service using a unique combination of people and technology.

Over 15 years experience

They’ve helped more than 50,000 Australians find the right home loan

National network of fully accredited mortgage brokers

Compare 25+ Lenders

We compare loans from 25+ leading lenders to find the right loan for you

Get expert tailored advice face-to-face and over the phone

Save time & money as we find the competitive rates & help with the paperwork

Home Loan Assessment Over 25 Lenders & 100’s of Loans

Property Report Valued At $39.50

Tell us about your new home

Is this an owner occupied or investment property?

Owner Occupied
Investment

What is the approximate value of the property you are looking to buy?

$

Where is this property located?

How much would you like to borrow?

$

When are you looking to buy?

Within the next 6 months
Within 6-18 months

Do you have a partner?

YesNo

What is your employment status?

Full Time
Part Time
Self Employed
Other

What is your partner's employment status?

Full Time
Part Time
Self Employed
Other

What are your total available funds?

$

This includes savings, cash in term deposits, and shares.

What's your gross (i.e. pre-tax) annual income?

$

What's your partner's gross (i.e. pre-tax) annual income?

$

Do you have any existing non-mortgage debt?

Yes
No

This can include things like credit card debt, personal loans, and loans for vehicles.

How much are your monthly non mortgage debt repayments?

$

This can include things like credit card debt, personal loans, and loans for vehicles.

What is your credit card limit?

$

If you have multiple credit cards, use your combined limit across the various cards. If you have a spouse, make sure you include their card(s) limit too.

Does your partner have any existing non-mortgage debt?

Yes
No

This can include things like credit card debt, personal loans, and loans for vehicles.

How much are your partner's monthly non mortgage debt repayments?

$

This can include things like credit card debt, personal loans, and loans for vehicles.

What is your partner's credit card limit?

$

If you have multiple credit cards, use your combined limit across the various cards. If you have a spouse, make sure you include their card(s) limit too.

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Compare 25+ Lenders

Customer Review

As a first home buyer I was so nervous about the whole process but my eChoice broker's calm and reassuring manner throughout gave me sense of security and made things so much smoother than I could have imagined.

Claire, Victoria

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Home Loan Assessment - Over 25 Lenders & 100’s of Loans

Property Report Valued At $39.50

Thank you!

Thanks for leaving those details - we're partnered with leading Australian Mortgage Broker eChoice, who may give you a quick ring to confirm a few more details and provide you with more personalised home loan options.

These results are based on the information provided and do not constitute financial advice. This report acts as a guide in determining the interest rate available based on your search criteria and lender panel (powered by ACL 385888). There may be other factors that you have not disclosed to us that may affect your results, including "Your Interest Rate". These results do not constitute any individual product listing. These results may vary and may not be available from the lender who makes contact with you.

Terms & Conditions Apply: These results are powered by Finconnect (Australia) Pty Ltd, ABN 45 122 896 477, Australian Credit License 385888, a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Finconnect and its partners will receive a fee for this referral. We endeavour to ensure the information and data published is current and accurate. You should confirm any information with the product or service provider. If you are unsure, we recommend you seek independent advice.

WARNING: Estimated interest rate is based on a loan of $150,000 for a term of 25 years. This rate applies only to the example or examples given. Different amounts and terms will result in different estimated rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Terms and conditions, fees and charges apply. Interest rates for existing borrowers may vary to the advertised rate on this website. Interest rate is correct as at last update.

Buying a home is often an exciting experience. But, if you don’t understand the process and the mortgage industry, then it can also be daunting and even a little scary. In order to help you avoid some common mistakes that first home buyers make, we’ve answered some of the most frequently asked questions.

How much do I need for a deposit?

You’ll need a minimum deposit of 10 percent of the purchase price of a property to take out a home loan. But, it is more cost effective for you if you have a 20 percent deposit as this gives you more equity in your property and means less risk for your lender. This, in turn, can reduce the amount of interest that you’ll pay on your home loan.

Plus, if you only have a 10 percent deposit, you may find that you’ll be asked to pay Lenders Mortgage Insurance (LMI), which is costly and can add thousands to your home loan principle. This insurance covers the lender against financial loss should you default on your home loan payments.

What home loan types are available?

There are numerous types of home loans in the industry. The most common are as follows:

Principal and interest: This is where you pay a portion of your home loan principle and the interest that your loan incurs monthly.

Interest only: This is where you only pay the interest on your home loan per month. At the end of your home loan you’ll pay back the principal you borrowed.

Variable rate: A home loan that has a rate that fluctuates with the rise and fall of the official cash rate.

Fixed rate: A home loan that has a fixed rate for an agreed term of usually 1, 2, 3 or 5 years. After the term ends the rate of the loan will revert to a variable rate.

What is a base-rate home loan?

This is a no-frills variable home loan that will give you the lowest possible rate. But, this home loan typically comes with no features.

What type of home loan should I be looking for?

The right home loan for you is the home loan that meets your needs and requirements, which gives you flexibility and is affordable. To find the right home loan, consider what home loan features you’ll use and what type of home loan you want. Then compare these home loans for the best rate.

What type of home loan features are available?

Home loan features give you scmc_logo.png payment flexibility, but typically the interest rate on home loans with features are slightly higher. The most common features you’ll encounter are:

Extra repayments without incurring a penalty.

Offset accounts, where you can deposit all of your money into this account and the balance will then reduce your mortgage interest.

A redraw facility, where any extra money paid off your home loan can be used at a later date as a loan if you need it.

How much do I need for fees, charges and stamp duty?

All lenders charge different fees, so you’ll need to ask about these when you research home loans. Make sure you also ask about any other additional charges.

Stamp duty depends on the value of the property you’re buying and what state the property is situated in. To calculate your stamp duty use an online calculator.

The information on this Website is provided for information purposes, general interest and enquiry only. It has been prepared without taking into account your objectives, financial situation or particular needs and it should not be taken as financial advice. All comparisons are prepared by Finconnect (Australia) Pty Ltd, ABN 45 122 896 477 Australian Credit Licence 385888, is a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. While we use reasonable efforts to ensure that the information on this Website is complete and up to date, to the extent permitted by law, we make no warranty or representation as to the accuracy, currency or completeness of any information on this Website.

The use of this Website is at your own risk. Information may change without notice. Before relying on any information on this Website, you should first verify the accuracy of the information and its relevance. This may mean contacting a finance broker before relying on any information on this Website.

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